Moscow Stock Exchange ends dollar and euro transactions

The Moscow Stock Exchange announced that transactions in dollars and euros will be terminated as of June 13 due to US sanctions. In a written statement from the Moscow Stock Exchange, it was stated that the US has made various restrictive decisions regarding the stock exchange. The statement, which included information that changes will be made to the operation of the stock exchange due to these restrictions, noted that transactions in dollars and euros will be terminated as of June 13. The statement emphasized that the Moscow Stock Exchange has all the necessary tools to ensure that transactions can be carried out without interruption in the event of increased market fluctuations. In a statement on the subject, the Central Bank of Russia announced that bank reports and information from digital platforms will be used to determine the dollar and euro exchange rate. The US Treasury Department added the Moscow Stock Exchange to its sanctions list today. Russian authorities state that all sanctions imposed by the US are illegal.